[Steps Shown] Define X as the number of heads observed in the experiment that flips a balanced coin three times. Construct an appropriate decision tree. Calculate
Question: Define X as the number of heads observed in the experiment that flips a balanced coin three times.
- Construct an appropriate decision tree.
- Calculate the probability that X>1.
- Calculate the expected value of X.
- Would your answers in parts (a), (b), and (c) change if the coin was not balanced? Explain.
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